Daiwa Securities Group Inc. trimmed its position in shares of Boeing Co (NYSE:BA) by 25.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,969 shares of the aircraft producer’s stock after selling 21,201 shares during the period. Daiwa Securities Group Inc.’s holdings in Boeing were worth $16,007,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after acquiring an additional 4,852,679 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Boeing by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after acquiring an additional 1,334,957 shares in the last quarter. Koch Industries Inc. grew its stake in Boeing by 61,128.7% during the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after acquiring an additional 848,467 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in Boeing by 28,537.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock valued at $198,962,000 after acquiring an additional 779,936 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in Boeing by 87.8% during the third quarter. APG Asset Management N.V. now owns 1,382,727 shares of the aircraft producer’s stock valued at $351,503,000 after acquiring an additional 646,500 shares in the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.
Boeing Co (NYSE BA) opened at $336.21 on Friday. Boeing Co has a 52 week low of $156.67 and a 52 week high of $336.88. The company has a market cap of $200,240.00, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the company earned $3.51 EPS. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that Boeing Co will post 10.14 earnings per share for the current fiscal year.
Boeing declared that its board has approved a share repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in shares. This buyback authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.03%. Boeing’s payout ratio is currently 52.25%.
BA has been the subject of several research analyst reports. Cowen reaffirmed a “buy” rating and set a $315.00 target price (up from $300.00) on shares of Boeing in a research note on Friday, September 22nd. Jefferies Group raised their target price on shares of Boeing from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $286.00 target price for the company in a research note on Thursday, September 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $300.00 target price on shares of Boeing in a research note on Thursday, October 26th. Finally, Argus reaffirmed a “buy” rating and set a $290.00 target price (up from $270.00) on shares of Boeing in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $280.74.
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Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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